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Getin Noble Bank

Executive Summary

Getin Noble Bank S.A. provides various banking products and services to individual clients, small and medium-sized enterprises, local governments, housing associations, and corporations in Poland.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Getin Noble Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GNB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

11.1%

GNB

2.6%

PL Banks

2.5%

PL Market


1 Year Return

-51.4%

GNB

-44.2%

PL Banks

-17.3%

PL Market

Return vs Industry: GNB underperformed the Polish Banks industry which returned -44.2% over the past year.

Return vs Market: GNB underperformed the Polish Market which returned -17.3% over the past year.


Shareholder returns

GNBIndustryMarket
7 Day11.1%2.6%2.5%
30 Day10.7%0.5%2.0%
90 Day17.9%8.4%23.3%
1 Year-51.4%-51.4%-43.2%-44.2%-15.5%-17.3%
3 Year-80.4%-80.4%-40.1%-43.3%-17.6%-22.9%
5 Year-92.5%-92.5%-35.9%-43.0%-10.0%-20.3%

Price Volatility Vs. Market

How volatile is Getin Noble Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Getin Noble Bank undervalued compared to its fair value and its price relative to the market?

0.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GNB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GNB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GNB is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: GNB is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GNB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GNB is good value based on its PB Ratio (0.1x) compared to the PL Banks industry average (0.6x).


Next Steps

Future Growth

How is Getin Noble Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Getin Noble Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Getin Noble Bank performed over the past 5 years?

-52.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GNB is currently unprofitable.

Growing Profit Margin: GNB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GNB is unprofitable, and losses have increased over the past 5 years at a rate of -52.4% per year.

Accelerating Growth: Unable to compare GNB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GNB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-8.4%).


Return on Equity

High ROE: GNB has a negative Return on Equity (-22.97%), as it is currently unprofitable.


Next Steps

Financial Health

How is Getin Noble Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GNB's Assets to Equity ratio (21.7x) is very high.

Allowance for Bad Loans: GNB has a low allowance for bad loans (66%).

Low Risk Liabilities: 90% of GNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: GNB has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: GNB's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: GNB has a high level of bad loans (17.1%).


Next Steps

Dividend

What is Getin Noble Bank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GNB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GNB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GNB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GNB's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Artur Klimczak

3.17yrs

Tenure

zł4,862,000

Compensation

Mr. Artur Klimczak has been President of the Management Board at Getin Noble Bank S.A. since June 20, 2017 and serves as its Chief Executive Officer. Mr. Klimczak served as Acting President of the Manageme ...


CEO Compensation Analysis

Compensation vs Market: Artur's total compensation ($USD1.22M) is above average for companies of similar size in the Polish market ($USD170.91K).

Compensation vs Earnings: Artur's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Artur Klimczak
President of the Management Board & CEO3.17yrszł4.86mno data
Karol Karolkiewicz
Member of the Management Board9.75yrszł1.36mno data
Maciej Kleczkiewicz
Member of the Management Board2.83yrszł1.73mno data
Tomasz Misiak
Member of the Management Board2yrszł1.48mno data
Wojciech Tomasik
Member of the Management Board1.67yrszł958.00kno data
Maja Stankowska
Member of the Management Board1.58yrszł961.00kno data
Michal Sasim
Director of the Accounting Departmentno datano datano data

2.4yrs

Average Tenure

Experienced Management: GNB's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mariusz Grendowicz
Independent Member of the Supervisory Board5.17yrszł217.00kno data
Leszek Czarnecki
Independent President of the Supervisory Board8.5yrszł27.00k8.44% PLN23.8m
Jacek Lisik
Member of the Supervisory Board8yrszł96.00kno data
Barbara Bakalarska
Independent Member of the Supervisory Board2.75yrszł187.00kno data
Tadeusz Holynski
Member of the Supervisory Board2yrszł122.00kno data

5.2yrs

Average Tenure

57yo

Average Age

Experienced Board: GNB's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Getin Noble Bank S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Getin Noble Bank S.A.
  • Ticker: GNB
  • Exchange: WSE
  • Founded: 2004
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: zł282.029m
  • Shares outstanding: 1.04b
  • Website: https://www.gnb.pl

Number of Employees


Location

  • Getin Noble Bank S.A.
  • ul. Przyokopowa 33
  • Warsaw
  • 01-208
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNBWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJan 2012
0QA0LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNJan 2012

Biography

Getin Noble Bank S.A. provides various banking products and services to individual clients, small and medium-sized enterprises, local governments, housing associations, and corporations in Poland. It offers retail banking products, such as deposit products, investment products, and retail loans, as well as financial services under the Getin Bank brand name; and private banking, real estate and investment consulting, legal and tax support, and art banking services under the Noble Bank brand name. The company also creates and manages investment funds under the Noble Funds brand name. In addition, it offers financial instruments – brokerage related to the securities and commodities markets, customized investment opportunities, and services related to shares issues under the Noble Securities brand name; various assistance services under the Noble Concierge brand name; and online banking services. Further, the company provides money saving, investment portfolio management, financial and credit intermediation, savings, insurance, and personal finance services. It operates approximately 400 branches and franchise units. Getin Noble Bank S.A. was founded in 2004 and is based in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:53
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.